Kohl's gains after posting smaller-than-expected quarterly loss

Shares of department store chain Kohl's KSS.N up ~5% at $8.49 premarket

Company posts smaller quarterly loss than its previous forecast and reaffirms annual forecasts

Posts Q1 loss of 13 cents per share, compared with its preliminary expectations of a loss between 20 cents and 24 cents

Analysts estimate a loss of 26 cents - data compiled by LSEG

Company posts 3.9% drop in quarterly comparable sales, compared with its preliminary expectation of a 4% to 4.3% decline shared earlier this month

Up to last close, shares down 42.3% YTD